Business

Apple set to unveil their AI master plan at Worldwide Developers Conference

Apple will reveal its expansion into artificial intelligence (AI) at the annual Worldwide Developers Conference, held at Apple Park from June 10 to June 14. Though not explicitly mentioned in the event details, AI is expected to be a significant topic, especially in relation to iOS 18. CEO Tim Cook has promised advancements in AI, […]

Amazon invests another $2.75B in Anthropic — reportedly ‘largest’ in company history

Amazon finalizes its $4 billion investment in AI startup Anthropic, marking its largest venture investment to date. This partnership aims to advance generative artificial intelligence applications across organizations worldwide. Anthropic recently unveiled the Claude 3 family of large language models, surpassing rivals like OpenAI. Amazon has integrated some versions of Claude 3 into its Bedrock […]

FetchAI, SingularityNet and Ocean Protocol Propose Merger to Build Largest Decentralized AI Ecosystem

Three leading decentralized AI projects—Fetch.ai, SingularityNET, and Ocean Protocol—have revealed plans to merge and form the Superintelligence Collective, aiming to establish the largest decentralized AI ecosystem globally. This merger, pending community approval, is intended to advance progress towards decentralized Artificial General Intelligence (AGI) and eventually Artificial Superintelligence (ASI). The three projects—Fetch.ai, SingularityNET, and Ocean Protocol—bring […]

Nvidia could be primed to be the next AWS

Nvidia and Amazon Web Services (AWS) share a common thread of serendipity in their business evolution, both discovering lucrative opportunities beyond their initial intents. AWS leveraged its internal services for external profit, while Nvidia found unexpected success with GPUs in AI processing. This has propelled Nvidia’s revenue growth significantly in recent quarters, hitting $22.1 billion […]

Stability AI CEO resigns to “pursue decentralized AI”

Emad Mostaque, the CEO of Stability AI, has announced his departure from the company to pursue decentralized AI, leading to the appointment of interim co-CEOs, Shan Shan Wong and Christian Laforte. Mostaque’s decision comes amidst internal changes at Stability AI following the resignation of key developers and researchers. The departure of three out of the […]

With ‘Charlie,’ Pfizer is building a new generative AI platform for pharma marketing

Pfizer, the renowned pharmaceutical giant, has introduced a cutting-edge AI platform named “Charlie,” paying homage to the company’s co-founder Charles Pfizer. This innovative platform marks a significant milestone as Pfizer delves into enhancing content supply chains and reshaping its marketing landscape. “Charlie” is currently being integrated into Pfizer’s marketing organization, involving hundreds of staffers in […]

What makes Einstein Copilot a genius? Salesforce says it’s all about the data

Salesforce has unveiled its public beta release of Einstein Copilot, a conversational AI assistant designed to enhance interactions with data and workflows for Salesforce users. The technology, initially introduced as a prototype at the Dreamforce conference in 2023, offers a more open and intuitive integration of AI capabilities than previous offerings by Salesforce. Clara Shih, […]

Microsoft says 11 is the magic number for building AI habits – here’s why

Microsoft has discovered a winning formula to help users develop an AI habit that can streamline their everyday workflow. According to their research involving 1,300 Copilot for Microsoft 365 users across various industries, they found that users begin to derive value from AI when it saves them a mere 11 minutes a day – a […]

Financial Times tests an AI chatbot trained on decades of its own articles

The Financial Times has introduced a new generative AI chatbot called Ask FT, designed to provide subscribers with curated natural language answers to a wide range of questions using decades of published information. This tool, akin to other generalized AI bots like ChatGPT and Copilot, draws on the outlet’s extensive archives to offer reliable responses. […]

Nvidia in talks to acquire AI infrastructure platform Run:ai in massive deal

Nvidia is in advanced talks to acquire Run:ai, an AI infrastructure orchestration and management platform, in a deal valued at potentially hundreds of millions to $1 billion. Run:ai recently secured $75 million in funding in March 2022, bringing its total funding to $118 million. Founded in 2018 by Omri Geller and Dr. Ronen Dar, Run:ai […]

Saudi Arabia Plans $40 Billion Push Into Artificial Intelligence

Saudi Arabia is planning to establish a $40 billion fund to invest in artificial intelligence, making it the world’s largest AI investor. The fund, spearheaded by the Public Investment Fund, aims to partner with Silicon Valley’s Andreessen Horowitz and other financiers. This initiative reflects Saudi Arabia’s strategy to diversify its economy, demonstrating global business ambitions […]

Databricks acquires Lilac to supercharge data quality efforts for gen AI apps

Databricks has announced the acquisition of Lilac, a Boston-based startup focused on tools for data understanding and manipulation. The terms of the deal were not disclosed. By bringing Lilac’s team and technology into its data intelligence platform, Databricks aims to enhance users’ ability to improve data quality for developing large language model (LLM) applications.   […]

Microsoft announces new AI division led by controversial DeepMind, Inflection co-founder Mustafa Suleyman

Mustafa Suleyman, one of the original co-founders of DeepMind, alongside his Inflection co-founder Karén Simonyan, and other team members from Inflection, have joined Microsoft to establish a new division called Microsoft AI. Microsoft CEO Satya Nadella announced this move, with Suleyman appointed as EVP and CEO of Microsoft AI, and Simonyan as Chief Scientist. Suleyman […]

Nvidia’s Jensen Huang says AI hallucinations are solvable, artificial general intelligence is 5 years away

Artificial General Intelligence, or AGI, stands as a pivotal advancement within the realm of artificial intelligence, offering capabilities beyond specialized tasks performed by narrow AI. AGI, often dubbed “strong AI” or “human-level AI,” signifies a future where machines excel at a wide range of cognitive functions comparable to or exceeding human levels. While addressing the […]

Databricks invests in Mistral and brings its AI models to data intelligence platform

Databricks, led by Ali Ghodsi, has partnered with the Paris-based startup Mistral to integrate Mistral’s large language models (LLMs) into Databricks’ data intelligence platform. Databricks’ investment in Mistral, combined with bringing select LLMs to its platform, amplifies opportunities for enterprise users in generative AI applications without compromising security protocols. This move signifies Databricks as a […]

Microsoft gives major upgrade to Copilot AI with GPT-4 Turbo

Microsoft has enhanced its Copilot AI assistant by integrating it with OpenAI’s advanced GPT-4 Turbo model, offering a significant performance boost for both free and paid users. The integration allows users to toggle between GPT-4 Turbo and the standard GPT-4, ensuring flexibility for different user preferences.   CEO Mikhail Parakhin specified that all Copilot modes […]

Snowflake and Landing AI combine forces to tackle unstructured data challenges with computer vision

Snowflake, a prominent data warehousing company, recently announced a strategic partnership with Landing AI, a startup founded by AI expert Andrew Ng. This collaboration aims to integrate Landing AI’s advanced computer vision technology into Snowflake’s Data Cloud, offering enterprises new opportunities to leverage visual data effectively. In a world where unstructured data, including images and […]

Zscaler buys Avalor to bring more AI into its security tools

Cloud security company Zscaler, based in San Jose, California, has acquired cybersecurity startup Avalor for $310 million in cash and equity. The acquisition aims to enhance Zscaler’s platform by integrating capabilities such as streamlined reporting of security incidents, incident mitigation, asset discovery, data classification, and security policy generation. Avalor, founded by Raanan Raz and Kfir […]

Apple acquires AI startup specializing in overlooking manufacturing components

Apple has added to its AI startup acquisitions by purchasing DarwinAI, a Canada-based company specializing in vision-based technology for manufacturing efficiency, as reported by Bloomberg. While the deal has not been officially announced, members of DarwinAI’s team have joined Apple’s machine learning groups in January, according to their LinkedIn profiles.   DarwinAI had secured over […]

Apple researchers achieve breakthroughs in multimodal AI as company ramps up investments

Apple researchers have made significant strides in advancing artificial intelligence with the development of new methods for training large language models on both text and images. The findings, detailed in a research paper titled “MM1: Methods, Analysis & Insights from Multimodal LLM Pre-training,” highlight the importance of combining various training data and model architectures to […]

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